Question 1

What are the interest rates for personal loans?

Accepted Answer

Our personal loan interest rates start from 6% per annum. The final rate depends on your credit profile, loan amount, and repayment tenure. We offer competitive rates that are transparent with no hidden fees.

Question 2

How long does loan approval take?

Accepted Answer

Most loan applications are approved within 24 hours. We provide fast preliminary approval so you know your status quickly. Once approved, funds can be disbursed within 1-2 business days to your bank account.

Question 3

What documents do I need to apply for a personal loan?

Accepted Answer

You need: (1) Malaysian IC or valid passport, (2) Latest 3 months payslips or income proof, (3) Bank statements for the last 3 months, (4) EPF statement, (5) Latest EA form or income tax return. Self-employed applicants may need additional business documents.

Question 4

What is the minimum and maximum loan amount I can apply for?

Accepted Answer

You can apply for personal loans ranging from RM1,000 to RM150,000. The approved amount depends on your income, credit score, existing commitments, and repayment ability.

Question 5

Can I repay my loan early without penalty?

Accepted Answer

Yes, we allow early repayment of your personal loan. There may be a small administrative fee, but we encourage early repayment as it saves you interest costs. Contact us for specific details on early settlement.

Question 6

Is Mudah Credit a licensed money lender?

Accepted Answer

Yes, Mudah Credit Resources Sdn. Bhd. is a licensed and regulated money lender in Malaysia. We comply with all regulations set by the Ministry of Housing and Local Government. You can verify our license before applying.

Question 7

What is the repayment period for personal loans?

Accepted Answer

We offer flexible repayment tenures from 12 months to 108 months (9 years). You can choose a repayment period that suits your budget and financial situation. Longer tenures have lower monthly payments but higher total interest.

Question 8

Can I apply if I have bad credit or CCRIS/CTOS record?

Accepted Answer

We consider applications from individuals with various credit backgrounds. While a good credit score helps, we evaluate each application holistically. Even with CCRIS or CTOS records, you may still qualify depending on your current financial situation and income stability.

Frequently Asked Questions

What loan amounts do you offer?

What types of loans do you provide?

Are you a licensed lender?

What makes you different from banks?

Do you offer business loans?

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